Target expected to show no sales growth in third quarter - analyst
Portfolio Pulse from
Bank of America has downgraded its third-quarter sales forecast for Target Corp, now expecting no sales growth compared to the previously anticipated 2% year-on-year growth.
November 14, 2024 | 5:15 pm
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Bank of America has downgraded its sales forecast for Target's third quarter, now expecting no growth instead of the previously anticipated 2% increase.
The downgrade from Bank of America suggests a weaker-than-expected performance for Target, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100